Thread regarding Xerox Corp. layoffs

@a3 we went through the same thing when Xerox bought Tektronix years ago. We ended up being integrated with "Big House" Xerox and the rest is history. The technology we were bought for was sold off for a pittance to 3D systems. A campus of 2000 people is now a scattered few, that might show up in the office once in a while. But I will sit here on the sidelines and root for a turnaround, (or for a different outcome with the Lexmark team saving the day).

Xerox is broke, they promise you commissions and after the sale all of a sudden they redesign the comp plan and you don’t get paid. Trust me. Get out while you can.

@je I worked through each of these, just ignored the corporate cr-p, did my own thing. Honours Club after Honours Club, top earner, biggest headache for the management.

But one thing - I delivered year in, year out.

…..if only more had the same mindset.

I don't know anyone that actually thought Xerox would be a benefit to us.

@j0 Through the UB, JV and SB era, the Xerox people were given clear direction: do as you're told or you're gone, whether D1 or E3. You're now dealing with people who just did what the boss told them to do.

@ht It’s simple. You are all competing for limited remaining positions. Great way to promote teamwork…

@ht - It is not one or two people at xerox who are Arrogant & Stupid. If that were the case xrx wouldn’t be $2.12 and we would n’t be having this conversation. That said the study, “Four out Five Dentists Agree xeroids are Broadly Arrogant and Stupid,” is incorrect; Arrogant and Obtuse is more accurate.

Either way, Xerox or Lexmark in the past, Chapter 11 applies to you all.

I don’t understand the negativity. We all work for one company now. I don’t understand why Lex Mark thinks that Xerox people are arrogant and stupid. That’s not a very good way to build relationships. You may feel that way about an individual or two, but you can’t assume that all Xerox people are arrogant and stupid. Why can’t we learn from each other and move forward it together with improvements?

@h7 Much of what you stated is true. Just keep in mind that much of the reason Xerox is where it is lies with bad decisions made by the EC, including SB, over decades. Shifting to Lex leadership buys some time, but that debt isn't going away easily.

@hd you are not experienced enough or close enough to the SLT to understand. You are hanging your hat on name on the door? Ridiculous. You are the problem. No analytical skills.

@h7 funny that the name above the door is XEROX, not anything else, so how does that work out as a merger.

The Lexmark brand will be obsolete soon, as Xerox OWN IT and can do whatever they like with it.

So s-uk it up.

@gw that’s wrong. It’s a merger at best for XRX peeps. There is no “we” in the we bought you statement. SB and his id--ts have nothing but contempt for XRX employees and the majority of the cuts will come from them. For any XRX person waiting to be moved up as people are IRIF’ed, it’s not going to happen, LEX people have been ID’ed for opening E1 jobs. There is no we.

So as some one who worked at a profitable company that xerox bought. I have gone from having a great job, clear leadership, proven processes and loyal customer base to an absolute shower of s#%t. I don't trust my department manager now never mind the SLT. The company we had was decimated for miff. And then they managed to loose most if it within 5 yrs. Xerox could not save anything. The truth is xerox needed new kit to sell and needed a new manufacturer. So we are all selling lexmark a3 from now on. I know who is saving who and I can't wait for the xerox arrogance and processes to be removed so we can actually get to work..

Hey FORMER Lexmark employees, you are part of XEROX now, WE bought YOU.

Su-k it up and get on selling your desktop printers.

It’s fairly simple poor leadership leads to poor results. Until leadership at the top changes Xerox is doomed to shrinking until nothing is left.

@ff We are one company but many are holding us back for achieving what we need to achieve.

@fc “move you out of our way” …. Why do you use words like you and our?! Remember we are all one company now. Sounds like you are very bitter about being taken over. Maybe worth remembering the company is called Xerox as well.

Deals are done to enrich stake holders. That is the only reason Lexmark and X came together. The narratives are spun up to create a greater story, however this leadership is best at financial maneuvers not at building a business.

@f9 What SLT has not said is that part of the reason Lexmark was purchased was to be the reinvention engine inside Xerox because legacy Xerox was unable to make the changes needed.

We came to help everyone but if you're unable to allow us to help we will move you out of our way.

@ex yes. Most layoffs are Xerox people and Lexmark people are keeping their jobs. Maybe they are cheaper labor or X is out of Kentucky now.

@f4 Agree. LEX was a stall tactic. Nothing more.

@f2 The GIS head accounting guy was awesome. He didn't last long!

@f2 this is true - Xrx aren’t the brightest bulbs in the room and that is only reconfirmed by buying Lexmark. That was totally ti-s up decision that no sane person can understand. Facts are facts.

@a3 legacy Xerox folks are in complete denial over how much their company has always su-ked. They can’t find their way out of a paper bag. Arrogant as it gets. They bought GIS and decimated us immediately and fired all the leadership we had that was way smarter than them. Just get the popcorn out while you watch them make whopper size d-mb decisions over and over again. And trust me they did not buy Lexmark so you can save them. Just buying them time. Your top brass and X’s top brass are the only one who are going to make out on the deal and they know it.

@ez We would rather be shut down by a federal government over political issues and actions related to behaviors our owners. Then actions of our own leadership and our own behavior serving our customers.

@ex Lexmark - you were lucky to be rescued, otherwise you would simply have gone out of business, as the Federal Government was closing you down.

@et Yet most of the cuts seem to be coming from the Xerox side of the house?

What conceited responses from Lexmark.
Fricking Amazing…

You people are doomed to repeat the mistakes that you and others have made in the past.

You demand explanations and laugh at our responses. You figure it all out on your own. You speculate.

@dz just look at the FY25 reports on the Xerox SEC Filings page, illustrates the separate Xerox and Lexmark results. From memory Lexmark were a $600m loss.

@cp You have yet to show where Lexmark was losing money was this because of the ownership situation or was this due to poor performance on product or sales? You will find that majority of it was due to ownership type of issues not performance and after we rescue you -- you will still fail to see the work we have done for you.

@dt XRX has been fighting to get people OFF the payroll. What are you talking about?

Both companies are and have been effectively non profit charity organizations for people in the print industry. Both orgs have been losing large sums of money, every quarter for several years, yet they fight to keep these people on payroll despite glaring evidence that they do not bring value to their organization.

Kind of admirable if you think about it.

@a3 Your tag should have been BS, as that is what you come out with.

Lexmark was loss making, owned by the Chinese, banned from selling into Federal sectors in the US, yet you say you are the saviour.

Let’s see how much longer it takes for the reality to sink in, literally ‘sink’ because you are now on the deck of the Titanic of the copier fleet.

@b3 Well, some people just never learn, and they never likely to want to learn. 📚

Apparently, it’s a learning curve for some and yet others a total Brick 🧱 wall.

“We were bought to be the saviour” …. Hmmm, how is that going for ya”all? Stock price down even more since the acquisition and there has been no attempt to understand anything outside selling a few boxes at a time. As someone else said soon you will start loosing big accounts and then let’s see how smart you really are. You will get rid of people who really add value to sales and the business (just because the are XRX not because you understand) and soon you’ll be needing them.

Marker here. Its full speed ahead for me with nothing in sight that appears that things are going to derail, but I think the target on my back is smaller than with many other folks. But, I am not naive to the fact that it feels like a storm is brewing thats going to result in layoffs. Dont forget, we have faced layoffs every 2 or 3 years since 2008, and it feels no different now with Xerox. Every day at work to me still feels like survival mode. Just have to see what happens.

@a4 Don't worry. As you start hemorrhaging the existing Xerox accounts because you don't know how they work, the negativity will return in full force. Good luck!

@a4 Thats true but good luck with the remnants. Many, many outsiders were sure they could handle the complexity and simplify, including all of the top consulting firms. Every one failed.

No changes for us. The valentines day massacre is going to mainly hit the Xerox side. We're just eagerly awaiting the consolidation so we can get this negativity behind us.